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Bakkt

(NYSE) BKKT

Current Price$7.30
Market Cap$323.44MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2020)-97%
5 Year-97%
1 Year-70%
1 Month-20%
Bakkt last closing stock price
MetricPriceDate
Last closeUSD 7.252026-07-17
Bakkt stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-13.79%USD 8.412026-07-10
1 month-19.53%USD 9.012026-06-17
3 month-21.11%USD 9.192026-04-17
Year to date-27.79%USD 10.042025-12-31
1 year-69.93%USD 24.112025-07-17
3 year-83.14%USD 43.002023-07-18
5 year-97.07%USD 247.752021-07-16
Since inception-97.36%USD 275.002020-11-19

Bakkt Financials at a Glance

Market Cap

$323.44MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.52B

Net Income (TTM)

-$126.57M

EPS (TTM)

-$7.06

P/E Ratio

-1.03

Dividend

$0.00

Beta (Volatility)

2.88 (High)

Price

$7.30

Volume

1,754,150

Open

$7.56

Previous Close

$7.25

Daily Range

$7.09 - $7.75

52-Week Range

$6.87 - $49.79

Estimated Earnings Date

Aug 10, 2026

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About Bakkt

Bakkt helps businesses offer digital asset services to their customers. Its platform lets users buy, sell, and spend cryptocurrencies. Financial institutions use Bakkt to add crypto features to their products.

Bakkt’s Digital Toolbox: What’s Inside?

  • Crypto Services (100% revenue): Enables buying, selling, and holding digital assets for financial institutions and fintechs.
  • Bakkt Markets: Provides trading, payment, and custody infrastructure for digital assets, targeting banks and broker-dealers.
  • Bakkt Agent: Offers software tools for onboarding, account management, and payments, mainly for business clients.
  • Stablecoin Payments: Supports cross-border payments using stablecoins, which are cryptocurrencies tied to traditional currencies.
  • Digital Asset Custody: Safeguards cryptocurrencies for clients using third-party and in-house solutions.

Bakkt’s Growth Spurt: Moves and Milestones

  • Sold Loyalty business in October 2025 to focus on digital assets.
  • Acquired a 28% stake in Bitcoin Japan Corporation in August 2025 for international expansion.
  • Entered commercial agreement and pending acquisition with Distributed Technologies Research Global Ltd. in 2025 for stablecoin infrastructure.
  • Added 29 new cryptocurrencies to its platform in 2025.
  • Expanded into Japan in 2025 through strategic investment.

Why Bakkt Stands Out (Without the Hype)

Bakkt focuses on regulatory compliance and security, holding licenses in all U.S. states. Its business-to-business model embeds crypto services into partner platforms. The company leverages technology from its parent, Intercontinental Exchange, for reliability and scale.

Five Things You Need to Know

  • Revenue was $2.34 billion in 2025, down 32.1% from 2024.
  • Crypto services made up 100% of revenue after October 2025.
  • Assets under custody fell 60% to $911.5 million by December 2025.
  • Operating loss was $147.8 million in 2025, up 79% from 2024.

Bottom Line

Bakkt has shifted to focus solely on digital asset services for institutions. The company faces challenges from client losses and market volatility but continues to adapt its business model.

AI Generated • Apr 16, 2026

Industry

Capital Markets

Employees

48

CEO

Akshay Sudhir Naheta

Headquarters

Alpharetta, GA 30009, US

BKKT Financials

Key Financial Metrics (TTM)

Gross Margin

31.75%

Operating Margin

-8.18%

Net Income Margin

-8.31%

Return on Equity

-116.83%

Return on Capital

-125.04%

Return on Assets

-59.32%

Earnings Yield

-97.09%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$323.44MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

44.61M

Volume

1.75M

Avg. Volume

1.69M

Financials (TTM)

Gross Profit

$483.45M

Operating Income

-$124.51M

EBITDA

-$129.65M

Operating Cash Flow

-$60.08M

Capital Expenditure

-$4.42M

Free Cash Flow

-$64.49M

Cash & ST Invst.

$80.23M

Total Debt

$79.00K

Bakkt Performance Analysis

Bakkt annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 56,224,00042.6%
20232023-12-31USD 780,136,0001287.5%
20242024-12-31USD 3,441,056,000341.1%
20252025-12-31USD 2,335,243,000-32.1%
Bakkt sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-46.2%
Q32025-09-30-30.4%
Q42025-12-31-25.6%
Q12026-03-31-18.6%
Bakkt annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -203.08153.4%
20232023-12-31USD -21.01-89.7%
20242024-12-31USD -7.97-62.1%
20252025-12-31USD -8.8711.3%
Bakkt sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-291.2%
Q32025-09-30-1.4%
Q42025-12-31-190.9%
Q12026-03-3186.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$243.59M

-77.3%

Gross Profit

-$3.05M

-100.3%

Gross Margin

-1.25%

N/A

Market Cap

$323.44MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$6.74M

N/A

Employees

48

N/A

Net Income

-$11.65M

-251.1%

EBITDA

-$11.57M

+36.0%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$80.23M

+248.7%

Total Debt

$79.00K

-99.7%

Accounts Receivable

$12.96M

-52.0%

Inventory

$0.00

N/A

Long Term Debt

$0.00

-100.0%

Short Term Debt

$79.00K

-97.8%

Return on Assets

-59.32%

N/A

Return on Invested Capital

-68.00%

N/A

Free Cash Flow

-$12.82M

+87.4%

Operating Cash Flow

-$12.09M

+88.1%

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Questions About BKKT

What is the current price of Bakkt?

Bakkt is trading at $7.25 per share.

What is the 52-week range for Bakkt?

Over the past 52 weeks, Bakkt has traded between $6.87 and $49.79.

How much debt does Bakkt have?

As of the most recent reporting period, Bakkt reported total debt of $79.00K.

How much cash does Bakkt have on hand?

Bakkt reported $82.56M in cash and cash equivalents in its most recent financial results.

What is Bakkt’s dividend yield?

Bakkt does not currently have a dividend yield.

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